Why Is Crypto Up Today? – October 1, 2025

What Happened

He continues: “We have seen the convergence of both institutional backing and maturation across the Bitcoin ecosystem. Bitcoin is more embedded in the foundations of global finance, and institutional interest is at an all-time high. Unlike previous years, this Uptober will see more targeted inflows, which could be a breakout moment in accelerating Bitcoin DeFi, as investors will want to do more with their Bitcoin holdings, transforming it from a static store-of-value into a yield-bearing asset class.”

Market Context

The crypto market is up today, with the cryptocurrency market capitalization increasing by just 0.2%, now standing at $4 trillion. Just over half of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $164 billion.

At the time of writing, only two top 10 coins per market capitalization have increased over the past 24 hours.

Bitcoin (BTC) appreciated 0.6%, currently trading at $114,540. It’s the best performer in the category.

Dogecoin (DOGE) is the only other green coin on this list, having increased by 0.6% to the price of $0.2334.

As October begins, the ‘uptober’ hype keeps growing. Many expect to see the market rising, basing their arguments on historical performances.

According to Swissblock, “Bitcoin is in the process of finding a bottom.” They explain that markets move in cycles of stress and recovery, and when the former peaks, short-term traders are forced to sell at a loss.

“Capitulation stress often marks the end of downside phases, setting the stage for recovery,” they write. “At that exact point, the Impulse Signal collapses to zero. That’s the moment panic exhausts and new buyers step in.”

Moreover, Glassnode noted that Bitcoin market dominance increased by two percentage points to 59%, as the price increased as well.

The analysts note that this suggests “a healthier market structure, as BTC-led rallies have historically proven more sustainable than those driven by altcoins.”

Notably, such resets historically “often align with periods of market detox, helping build a foundation for more durable recoveries,” Glassnode says.

Furthermore, Dom Harz, Co-Founder of BOB, commented that “with Bitcoin’s price remaining stable above $111,000, the stage is set for a potentially transformative Uptober for Bitcoin DeFi. Historically, Uptober’s bullish momentum has been driven by seasonal optimism and whale accumulation; however, this year feels different.”

Why It Matters

Crypto Winners & Losers

Ethereum (ETH) dropped by 1.1%, now changing hands at $4,139. This is the third-highest decrease today.

Details

The highest drop is XRP’s 1.4% to $2.85, followed by 1.2% by Binance Coin (BNB), now standing at $1,010.

When it comes to the top 100 coins, one coin saw a double-digit rise: Pump Fun (PUMP) is up 20.6% to $0.006514. Other coins are up 4.4% and less.

On the other side, two coins recorded double-digit falls: Plasma (XPL) is down 14.4% to $0.96, while Aster (ASTER) dropped 11.2% to $1.62.

Meanwhile, Ripple CTO David Schwartz said he would step down from his role in the company at the end of the year after more than a decade. He will sit on the company’s board of directors and serve as CTO Emeritus.

‘We’re Approaching Cycle Bottom, Followed by Recovery’

This reset happened only three times since early 2024: each marked a cycle bottom and was followed by a sustained recovery. “We are approaching that setup again.”

Additionally, short-term holder RVT has compressed toward cycle lows, they write. This reflects “muted realized profits relative to network valuation.”

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC trades at $114,540. It initially dropped to the intraday low of $112,736 before jumping to the daily high of $114,711.